April, 2022

• 11 April

  Quebec LNG backers seeking EU boost to revive rejected project

  

    Bloomberg Promoters of a stalled project to build a C$9 billion ($7.2 billion) terminal to export liquefied natural gas from Quebec in Canada are seeking to revive the plan by garnering support from Europe, which is scrambling to find alternatives to Russian supplies. GNL Quebec Inc’s Energie Saguenay project was rejected by both the federal and provincial authorities recently ...

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• 11 April

  Russia’s invasion supercharges push to make new green fuel

  

  Bloomberg Europe’s push to wean itself off Russian natural gas is sparking billions of dollars in new commitments toward building a market for low-carbon hydrogen. A nearly 450% jump in European gas prices the past year made the green fuel of the future cost-competitive about a decade ahead of schedule, according to BloombergNEF. Now, investment funds are joining governments and ...

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• 11 April

  UK’s Johnson is having his Churchill moment

  

  Reflected glory is often the best way to come by extra kudos. And so Boris Johnson has been basking in Volodymyr Zelenskiy’s praise for his firm stand against Russia’s invasion of Ukraine. The prime minister has now doubled down on his support. As well he might. The war has saved Johnson’s leadership from a sense of downward drift. The question ...

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• 11 April

  Walmart truckers earn like bankers

  

  Walmart said it will pay its entry-level truckers $95,000 to $110,000 a year, which is 26% higher than what it previously paid and approximately even with what a junior banker on Wall Street might make even with their advanced degrees from an Ivy League institution. This is sure to upset junior bankers, who are probably putting in a lot more ...

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• 11 April

  For its Africa influence, the US should go green

    Focused on war in Europe, the administration of President Joe Biden has paid comparatively little attention to the US’s relations with Africa. Yet deeper US engagement with the planet’s most youthful and fastest-growing continent is essential to global stability. Biden can both meet Africa’s needs and advance US security interests by focusing on the biggest threat to Africa’s future: ...

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• 11 April

  Industrial anxiety shifts from supply to demand

    Industrial demand is still robust, but many more yellow lights are flashing for investors than there were even just a few weeks ago. The first-quarter earnings season unofficially kicks off next week with industrial distributor Fastenal Co, whose results can often be a harbinger when its manufacturing customers report later this month. Last we heard from Fastenal, the company ...

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• 11 April

  Spirit to talk with JetBlue about $3.6b takeover bid

  

    Bloomberg Spirit Airlines Inc will hold talks with JetBlue Airways Corp over its $3.6 billion cash takeover bid that’s threatening to disrupt a pending combination between Spirit and rival deep discounter Frontier Group Holdings Inc. JetBlue’s offer could lead to a superior proposal, Spirit said in a statement after assessing the bid with financial and legal advisers. JetBlue’s unsolicited ...

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• 11 April

  Lufthansa debt climbed to $11b due to Covid-19

  

  Bloomberg Deutsche Lufthansa AG has about 10 billion euros ($11 billion) more debt because of the coronavirus pandemic, according to CEO Carsten Spohr. “That’s the price tag,” Spohr said in an interview with newspaper Schweiz am Wochenende. “It was expensive.” The German carrier hopes that its Swiss airline will pay back its pandemic-related government-backed loans by the end of the ...

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• 11 April

  Dutch watchdog rules KLM’s ‘carbon zero’ ad is misleading

  

  Bloomberg The Dutch advertising watchdog ruled that a KLM promotion telling customers they could fly carbon-emission free is misleading. The ad’s tag line, “Be a hero, fly CO2 zero,” is an absolute claim, the Dutch Advertising Code Committee said in a verdict seen by Bloomberg. As such, the company has the burden of proving the statement and didn’t meet that ...

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• 10 April

  US bans Russia’s Aeroflot, others from receiving parts

  

    Bloomberg The US issued orders suspending Aeroflot PJSC, Russia’s biggest airline, and two others from receiving US parts and services for their planes, a step that officials expect over time will limit their ability to fly. The denial orders for Aeroflot, Azur Air, and UTair Aviation PJSC announced by the Commerce Department mark the first enforcement action for violation ...

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